Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h −0.025%

Price spread now: Injective against BingX+1.686%57s7-day average +0.099% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 3 days (all we have)−2.943%−$294 · spread now +1.686%, 7d avg +0.099%

Together, before fees−2.863%−$286 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Injective is 1.587% dearer against BingX than usual: you sell high and buy low: +$159 more if the spread goes back to its 7-day average of +0.099%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BCH-USDT	265.72	−0.0031	get 0.0031% / 8h	6h 24m	—	$32.3M	—
Short	Injective BCH/USDC PERP	270.20	0.0033	get 0.0004% / 1h	24m 14s	$721	$130K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee InjectivebpOrdersPrice spread, now +1.686%Rate

Funding earned: $13.51
Price spread: +1.686% → +0.099%: $158.67
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $162.16
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: BingX: live order book, 10 min ago; Injective: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 10 min ago	0.57 bp	5.8 bp −$6	6.1 bp −$61	9.2 bp −$915	16.9 bp −$8,436
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BCH on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BCH-USDT	−0.0852%	8h	265.46	−0.098%	$1K	$1.8M	30x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0596%	1h	265.72	−0.002%	$449K	$255K	25x	as long as short
SoDEX BCH-USD	−0.0530%	1h	265.60	−0.045%	$2K	$6K	10x	as long as short
Phemex BCHUSDT	−0.0469%	8h	265.43	−0.109%	$4.9M	$6.6M	50x	as long as short
HTX BCH-USDT	−0.0313%	8h	265.56	−0.060%	$778K	$1.6M	75x	as long as short
Kraken Futures PF_BCHUSD	−0.0299%	1h	265.88	+0.062%	$852K	$3.1M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0183%	8h	265.53	−0.072%	$387K	$17K	10x	as long as short
ApeX Omni BCHUSDT	−0.0175%	1h	265.37	−0.132%	$97K	$227K	50x	as long as short
Variational Omni BCH	−0.0117%	8h	266.11	+0.145%	$82K	$253K	—	as long as short
Gate BCH_USDT	−0.0114%	8h	265.75	+0.011%	$8.4M	$13.5M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BCH-PERP-INTX	−0.0112%	1h	265.88	+0.060%	$232K	$2.0M	50x	as long as short
Binance BCHUSDT	−0.0096%	8h	265.77	+0.019%	$71.9M	$229.8M	75x	as long as short
Extended BCH-USD	−0.0096%	1h	265.53	−0.071%	$112K	$962K	25x	as long as short
MEXC BCH_USDT	−0.0095%	8h	266.08	+0.135%	$70.2M	$7.0M	200x	as long as short
Bybit BCHUSDT	−0.0065%	8h	265.80	+0.030%	$39.2M	$33.0M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0047%	8h	265.80	+0.030%	$25.3M	$78.3M	50x	as long as short
Bitget BCHUSDT	−0.0041%	8h	265.81	+0.034%	$19.1M	$29.2M	75x	as long as short
Nado BCH-PERP	−0.0035%	1h	265.60	−0.045%	$421K	$380K	10x	as long as short
BingX BCH-USDTlong	−0.0031%	8h	265.72	long leg	—	$32.3M	—
dYdX BCH-USD	0.0000%	1h	266.25	+0.201%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.22	+0.188%	$1.1M	$10.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	265.86	+0.053%	$4K	—	150x	as long as short
KuCoin BCHUSDTM	+0.0029%	8h	265.86	+0.053%	$8.6M	$7.5M	75x	as long as short
Orderly PERP_BCH_USDC	+0.0033%	8h	265.62	−0.038%	$2K	$176	10x	as long as short
Injective BCH/USDC PERPshort	+0.0033%	1h	270.20	+1.686%	$721	$130K	12x
Pacifica BCH	+0.0040%	1h	265.91	+0.070%	$162K	$404K	10x	as long as short
Lighter BCH	+0.0096%	1h	265.73	+0.002%	$366K	$478K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.79	+0.026%	$5.7M	$5.0M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.70	−0.009%	$168K	$697K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.36	−0.136%	$19K	$291K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	265.86	+0.053%	$25K	—	100x	as long as short